PepsiCo (NASDAQ:PEP) Price Target Cut to $190.00

PepsiCo (NASDAQ:PEPFree Report) had its price objective reduced by Bank of America from $210.00 to $190.00 in a research report report published on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. BNP Paribas assumed coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a neutral rating and a $174.00 price target on the stock. Morgan Stanley upgraded shares of PepsiCo from an equal weight rating to an overweight rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Jefferies Financial Group lifted their price target on shares of PepsiCo from $209.00 to $211.00 and gave the stock a buy rating in a research note on Thursday, May 16th. Wedbush reiterated an outperform rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Finally, Argus cut shares of PepsiCo from a buy rating to a hold rating in a research note on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of Moderate Buy and an average price target of $186.00.

Read Our Latest Report on PepsiCo

PepsiCo Trading Up 1.0 %

NASDAQ:PEP opened at $163.59 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo has a 12 month low of $155.83 and a 12 month high of $192.38. The company has a market cap of $224.90 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.67 and a beta of 0.52. The company has a 50 day simple moving average of $171.36 and a two-hundred day simple moving average of $170.03.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. Research analysts forecast that PepsiCo will post 8.15 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s payout ratio is currently 81.50%.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

Institutional Trading of PepsiCo

Large investors have recently made changes to their positions in the business. LFA Lugano Financial Advisors SA increased its holdings in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Valued Wealth Advisors LLC increased its holdings in shares of PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after buying an additional 69 shares during the last quarter. Fortis Group Advisors LLC increased its holdings in shares of PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares during the last quarter. Life Planning Partners Inc bought a new position in PepsiCo during the 4th quarter valued at about $34,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in PepsiCo during the 1st quarter valued at about $35,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Company Profile

(Get Free Report)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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